Mahila Nidhi Bond

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Specification
Maharsha Kisan Bond is Term Deposit Product where in depositor gets Three Times of his/her deposit amount in a Specification time period.

Eligibility
  • An Individual in his/her own name.
  • Jointly by more than one Individuals.
  • In the name of Trusts, Associations, Educational Institutions, Partnership Firms, Companies and any other Institutions, which are eligible to open a term Deposit account, as per Nidhi Company Rules.
Minimum Deposit Amount
  • INR 5,000/- and further in multiple of INR 1,000/-
Maturity Value
  • On Due Date INR 5,000/- shall accumulate into INR 10,000/-
Duration
  • 6.11 Yrs (83 Months)
Nomination Facility
  • Nomination Facility Available.
Loan Facility
  • Not Available upto 6 Months.
  • Loan available against deposit up to 50% of deposited amount after six months from the date of deposit.
Pre-maturity details
  • Pre-maturity not allowed for 24 months. In this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c's rate of interest.
 

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